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President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program. - REUTERS
Transcript
00:01U.S. President Donald Trump on Saturday said he will raise a temporary tariff from 10 percent to 15 percent
00:07on U.S. imports from all countries, the maximum level allowed under the law.
00:12The move is in response to the U.S. Supreme Court's decision to invalidate his previous tariff program that it
00:18said exceeded his authority as president.
00:20The Supreme Court's ruling on tariffs is deeply disappointing.
00:27The new levies are grounded in a separate law known as Section 122 that allows tariffs up to 15 percent
00:34but requires congressional approval to extend them after 150 days.
00:39Trump, in a social media post, said he would use that period to work on issuing other legally permissible tariffs.
00:45French President Emmanuel Macron on Saturday weighed in on the U.S. Supreme Court's ruling.
00:52First, I think this invites everyone to reflect. It doesn't seem bad to have Supreme Courts and therefore a rule
00:58of law.
00:58For those who think Supreme Courts create problems in political life, a Supreme Court looked at the Constitution and said,
01:04this is not in line with the Constitution. Now everyone says this is great. There you go. It's good to
01:10have checks and balances in democracy.
01:14Trump has shown little sign of backing off this global trade war.
01:18In the hours since the court's 6-3 decision, he has attacked individual justices in personal terms
01:23and insisted he retain the power to impose tariffs as he sees fit.
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